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Dec 6, 2012
12/12
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richard schimel is the e ex-brother in law. lock capital management. two of those had already closed. level global has closed, in fact one of us founders, andrew chasen is on trial right now. diamondback went down to about $2 billion, but as of this morning, that is no long ter case. the hedge fund saying that given redemption requests came in about 26% of total asset ors $520 million. it would be left with $1.45 billion apparently that's just not enough to run the successful hedge fund. they did have 140 or so people working for them. not sure how much they have trended that. as of now, their seven-year track record at this point. but they have spending redemptions as you might expect. rushing all of the assets to fund holders. often times in these cases, you'll see people run out and look at 13, and say oh, what are they going to be selling? but they have already sold a lot in anticipation. so don't look for any ability there to kind of drive them even further down, because oftentimes they will sell their biggest positions. nonetheless, another large
richard schimel is the e ex-brother in law. lock capital management. two of those had already closed. level global has closed, in fact one of us founders, andrew chasen is on trial right now. diamondback went down to about $2 billion, but as of this morning, that is no long ter case. the hedge fund saying that given redemption requests came in about 26% of total asset ors $520 million. it would be left with $1.45 billion apparently that's just not enough to run the successful hedge fund. they...
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Jun 1, 2012
06/12
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what gives you predictability are rules, the rule of law or in general, things like, well, dodd frank, that's a rule. but dodd frank, health care, those programs came about at a time when we had crisis. now, when we had crisis, and anything could get done because people are nervous. the people that are being governed are nervous. they'll do anything. they worked on thing that is were indirectly, at best, tied to jobs. and once more, why do you think that none of the blanks were filled in on dot frank or health care? because while that window is open where the government can get away with anything, they wanted to put as much in there as possible because they are not going to get a chance again. it was all quite intentional. but in the end, if you want to create jobs, the reason congress is enactive, the labor secretary, action by congress, they took action. and what did they do? they mall managed, they took money, trillions of dollars. and the results are questionable, do they get a second chance? if you want more taxpayer money, prove that you are responsible in what you do with it. c
what gives you predictability are rules, the rule of law or in general, things like, well, dodd frank, that's a rule. but dodd frank, health care, those programs came about at a time when we had crisis. now, when we had crisis, and anything could get done because people are nervous. the people that are being governed are nervous. they'll do anything. they worked on thing that is were indirectly, at best, tied to jobs. and once more, why do you think that none of the blanks were filled in on dot...
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May 1, 2012
05/12
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i like son-in-law of the tweets yesterday in the wake of the barnes and noble story. what a mistake it can be to bet against malone long term. >> there are a lot of others well above their conversion price on the convert that they got. of course, partners is just a few weeks. by the way, not giving up anything this morning. >> when we come back, gm auto sales set to be released in just a few moments. gm's vice sales will talk to us about the numbers as soon as they're released. and, of course, don't miss the exclusive interviews with charles evans and dennis lockhart who is off the reservation. a lot more squawk on the street is still ahead. recently, students from 31 countries took part in a science test. the top academic performers surprised some people. so did the country that came in 17th place. let's raise the bar and elevate our academic standards. let's do what's best for our students-by investing in our teachers. let's solve this. yeah, scott. i was just about to use... that's a bunch of ground-up paper, lad! scotts ez seed absorbs and holds water better. it's
i like son-in-law of the tweets yesterday in the wake of the barnes and noble story. what a mistake it can be to bet against malone long term. >> there are a lot of others well above their conversion price on the convert that they got. of course, partners is just a few weeks. by the way, not giving up anything this morning. >> when we come back, gm auto sales set to be released in just a few moments. gm's vice sales will talk to us about the numbers as soon as they're released. and,...
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Oct 2, 2012
10/12
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then they had to go to an equity law firm. this is encouraging to me. i would think this actual bailout is one that says, we are now past, the pig is much further along. you don't want a python swallowing a pig, but it's going to follow it when it is finished. >> words to live by, jim. words to live by. >> i think about that often, actually. >> we just listened to an incredible hour of television on "squawk box" with zell talking about what he's seen in the economy, talking more about corporate i.t. upgrade cycles. here's what zell said not too long ago. >> nobody wants to make commitment to be on tomorrow. we run a company that does a lot of corporate enterprising installations. and one of their triggers is when the enterprise projects start getting delayed, we are heading for a recession. and that's exactly what you're looking at right now. >> when the enterprise project starts getting delayed, we are heading for a recession. that collides with the calls we are seeing regarding cisco right now. jim, channel checks going on? >> cisco, morgan stanley pu
then they had to go to an equity law firm. this is encouraging to me. i would think this actual bailout is one that says, we are now past, the pig is much further along. you don't want a python swallowing a pig, but it's going to follow it when it is finished. >> words to live by, jim. words to live by. >> i think about that often, actually. >> we just listened to an incredible hour of television on "squawk box" with zell talking about what he's seen in the economy,...
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May 8, 2012
05/12
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it's time to understand that as we know from julius al law shakespea shakespeare, the fall is in themselves, not the stars. >> meantime -- >> my shakespeare lesson for today. >> i like cr bard hire on this -- here, read the. >> moving on, the facebook road shope moves onto bean town today. the second stop on the company's ipo road show. mark zuckerburg who crdropped o is expected to be there and par tis pates in the metedings that starts. not just the content of this show, but also the optics. right? wears whatever he wants to a button up crowd. >> yes. and he can wear whatever he wants. . of course, mr. zuckerburg is selling about a billion dollars worth of stock? about 5.6 billion will be raised, demanding on where they priced it. but he selling a billion dollars went to hg exec for a cane that he can controls whatever he likings. and there you do see the ubiquitous hoodics e that he enjoys wearing. >> i was listening to that bill gates interview. i've seen my biggest mistake. i graduated from harvard. that's why i'm wearing a suit and not a hoodie. >> well, gates doesn't wear a hoot hood
it's time to understand that as we know from julius al law shakespea shakespeare, the fall is in themselves, not the stars. >> meantime -- >> my shakespeare lesson for today. >> i like cr bard hire on this -- here, read the. >> moving on, the facebook road shope moves onto bean town today. the second stop on the company's ipo road show. mark zuckerburg who crdropped o is expected to be there and par tis pates in the metedings that starts. not just the content of this...
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Dec 19, 2012
12/12
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plan b is not likely to become law. and i've got to tell you, carl, the more people i talk to on both sides, the more pessimistic they're getting. i still think the fundamentals exist for a deal. and sometimes the public posturing is stimf simply covered for private narrowing of differences. we've had a significant narrowing of differences. but at this moment we're still in the phase where both sides are pushing each other, testing each other and we'll see whether we can get an agreement in the next few deals to get a deal before the end of the year. >> is that pessimism based on staffers? or just your instinct, just your gut? >> it's instinct and it's also the fact that we have in fact seen the two sides move close together. remember, john boehner's complaint about the administration's offer of the other day was that it had more revenue than it had spending cuts. the administration says, well, no, actually, it has more spending cuts if you count interest savings than it does revenue. if they're haggling over the relati
plan b is not likely to become law. and i've got to tell you, carl, the more people i talk to on both sides, the more pessimistic they're getting. i still think the fundamentals exist for a deal. and sometimes the public posturing is stimf simply covered for private narrowing of differences. we've had a significant narrowing of differences. but at this moment we're still in the phase where both sides are pushing each other, testing each other and we'll see whether we can get an agreement in the...
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Aug 7, 2012
08/12
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nobody broke the law per se, at least we don't think so, of course jpmorgan put that out there a little bit. the libor, let's not forget that. it's just building a case of a lack of confidence. >> the decline of charter in london trade. the biggest decline in almost four years and now, the concern is will there be fines for standard charter. will top managers start quitting? those are all big questions for investors in a stock seeing a 20% decline this morning. so those are going to be key. >> and people come back to the big banks again. for good reason. not just because of these kinds of issues that seem to hover over so many of them, but also because the the return on equity is really terrible. perhaps they deserve to be trading at those significant discounts for book value unlike many of the regionals. i'm channelling cramer here. we know where he'd go with this in terms of at least kind of thoughts about the money being served in those banks than in the big ones. >> and then the color on some of those e-mails. sort of brings into sharp relief the differences various countries have w
nobody broke the law per se, at least we don't think so, of course jpmorgan put that out there a little bit. the libor, let's not forget that. it's just building a case of a lack of confidence. >> the decline of charter in london trade. the biggest decline in almost four years and now, the concern is will there be fines for standard charter. will top managers start quitting? those are all big questions for investors in a stock seeing a 20% decline this morning. so those are going to be...
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Oct 15, 2012
10/12
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the banks are the greatest thing that's ever happened to big law firms in the country. sometimes i feel like i should get reaccredited as a lawyer, throw a shingle up and they throw you money like being a hedge fund manager meanwhile, the hedge fund manager are rolling back. i could take 2 and 20 at a law firm. >> the lehman estate was a billion dollar in fees. >> amazing. >> big morning ahead and big week ahead. microsoft shelling out hundreds of millions to market windows 8. how big of a risk is this for the tech giant. we'll talk to rick sherlund. and randi zuckerberg of "silicon valley start-ups," the sister of facebook's ceo and meantime, futures are still positive after a pretty good retail sales number. back in a moment. >>> well, microsoft is announcing a new perk for buyers for its new tablet computer. it will offer free on demand music service called xbox music which allows them to stream for free as long as they listen to an advertisement every 15 minutes. it's available on other microsoft devices but only free on the tablet. we'll talk to the vp of their ent
the banks are the greatest thing that's ever happened to big law firms in the country. sometimes i feel like i should get reaccredited as a lawyer, throw a shingle up and they throw you money like being a hedge fund manager meanwhile, the hedge fund manager are rolling back. i could take 2 and 20 at a law firm. >> the lehman estate was a billion dollar in fees. >> amazing. >> big morning ahead and big week ahead. microsoft shelling out hundreds of millions to market windows 8....
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Jul 9, 2012
07/12
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well, they supplied a strategic rationale to those companies where health care is so paramount and the law that they needed to do deals. it was clear there were deals on the drawing board, one way or the other, after we got the decision. >> for an insurer like wellpoint, they would have been challenged under these new rules. they can no longer turn people away. they can't be as selective in who they insure and how much they charge people for insurance. so therefore they would feel margin pressure. that's why there's a race on for medicaid insurers. in this group, you have to watch wellcare, that's up. molina, senteen. >> the fact that wellpoint shares were up, by the way, is the real positive. >> explain this to me. if the acquirer stocks have been going up, why the heck don't the investment banks pitch them and say, listen, we are in -- why aren't they listening? >> because the ceos see something out there -- i'm not going to make a bet the company move. and i don't see what the benefit is for me at this point to do anything. >> because look at wellpoint -- >> agreed. you have billions of
well, they supplied a strategic rationale to those companies where health care is so paramount and the law that they needed to do deals. it was clear there were deals on the drawing board, one way or the other, after we got the decision. >> for an insurer like wellpoint, they would have been challenged under these new rules. they can no longer turn people away. they can't be as selective in who they insure and how much they charge people for insurance. so therefore they would feel margin...